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Driving Economic Growth: Examining the Role of Leadership within SME Innovation

In: Eurasian Business and Economics Perspectives

Author

Listed:
  • Rachel Clarke

    (Business School, Bournemouth University)

  • Martyn Polkinghorne

    (Business School, and the Centre for Fusion Learning Innovation and Excellence, Bournemouth University)

  • Parisa Gilani

    (Business School, Bournemouth University)

  • Lois Farquharson

    (Business School, Bournemouth University)

Abstract

Small and medium-sized enterprises (SMEs) make a significant contribution to the UK economy, accounting for 60% of all private sector jobs and 47% of revenue. Whilst previous research has highlighted the importance of innovation for economic growth, productivity and success within larger organisations, this has been largely under-explored within smaller organisations. This is arguably more important than ever before as there is a distinct need for SMEs in the UK to innovate to recover from the COVID-19 pandemic and the associated economic crisis. However, without a leadership presence, there is little or no focus for an organisation to innovate, nor is there an individual or group to lead the way forwards and to motivate fellow employees to innovate. This paper investigates the role of leadership as a means of cultivating innovation within SMEs in the UK. Certain behaviours and leadership attributes are found more likely to support and encourage innovation in a variety of different types of leaders, regardless of their actual leadership style. However, we suggest that authentic, entrepreneurial, transformational and ambidextrous leadership approaches have the potential to be particularly valuable in cultivating innovation within SMEs and that this could be particularly pertinent for business recovery post-pandemic.

Suggested Citation

  • Rachel Clarke & Martyn Polkinghorne & Parisa Gilani & Lois Farquharson, 2022. "Driving Economic Growth: Examining the Role of Leadership within SME Innovation," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Ender Demir & Virginia Bodolica (ed.), Eurasian Business and Economics Perspectives, pages 63-80, Springer.
  • Handle: RePEc:spr:eurchp:978-3-031-14395-3_4
    DOI: 10.1007/978-3-031-14395-3_4
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